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Advisor
c-x-1
Posts: 3,074
Registered: ‎06-26-2012
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Re: When was the last time that the USDA came out with a report

the mkt's reaction has never been this extreme before....$$$ swaping.

 

any ideas??? 

Senior Contributor
425Cat
Posts: 1,400
Registered: ‎05-14-2010
0

Re: When was the last time that the USDA came out with a report

The funds were loaded up on the long side.

 

Anybody holding aflatoxin corn would be a fool; it gets worse over time. Don't think there are that many fools out there

 

Its only March

 

Very little corn in the ground

 

You would think old corn is going to zero when you listen to the rhetoric

 

Basis may have to do the lifting for awhile

Advisor
time:thetippingpoint
Posts: 530
Registered: ‎05-20-2010
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Re: When was the last time that the USDA came out with a report

c-x you need to get a better history book. This reaction is not that extreme historically.

Senior Advisor
kraft-t
Posts: 10,716
Registered: ‎05-10-2010
0

Re: When was the last time that the USDA came out with a report

test weight

Advisor
time:thetippingpoint
Posts: 530
Registered: ‎05-20-2010
0

Re: When was the last time that the USDA came out with a report

For the big volume to indicate "capitulation" as you suggest, Open Int will have to have crashed. That won't be known until Monday.

Advisor
time:thetippingpoint
Posts: 530
Registered: ‎05-20-2010
0

Re: When was the last time that the USDA came out with a report

You are dead on CatMan. What basis does next week will tell the whole story.

 

IF the farmer, who feds suggest, is holding a lot of old corn, he should panic and sell. No one around here will likely do that because it is March and the e plant is 60 over for July. BUT, we need to see what happens next week. Maybe the gov is right and farmers are not nearly as smart as they think they are :-)

 

Old toxin corn in storage still? Hogwash, we had a perfect crop to blend it away into. No disease in most areas with super high test weight, duh, the aflo was fed a long time ago at this point, at least in the eastern belt.

Advisor
c-x-1
Posts: 3,074
Registered: ‎06-26-2012
0

Re: When was the last time that the USDA came out with a report

time,

i was referring to volume...sorry for not clarifying....nevertheless, show me a day when volume was higher & i'll listen..

Advisor
c-x-1
Posts: 3,074
Registered: ‎06-26-2012
0

Re: When was the last time that the USDA came out with a report

[ Edited ]

preliminary OI went up substantially. but I don't think low is in-----capit can take a few days.

 

surrendering or handing over a lot of $$$ from weak to strong hands doesn't have to be liquidating/covering. 8/10/12 just 1 eg.--------11/12/12 another example when OI increased.